London — The Swedish government is not planning to provide further capital to ailing Scandinavian airline SAS, an official said on Tuesday. However, the airline will be supported in converting its debts into shares in the company, Industry Minister Karl-Petter Thorwaldsson told Swedish radio SVT.

But the capital must come in from other sources and investors, he said.The Swedish government currently holds just under 22% of SAS but this is set to decrease, Thorwaldsson said. SAS recently announced a comprehensive savings package to counter its difficulties.

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